Card schemes generally offer two or more connections on one site to banks and processors. And if the bank/processor is connected to all those connections, the card scheme will send the transactions from each connection in a round-robin sequence. Paymentology’s processing platform is connected to card schemes from multiple connections, which means we receive transactions from four lines. This aspect of our processing platform ensures that we possess the ability to process those transactions in parallel without any latency.
The issue of processing transactions during disruptive events such as site maintenance is also addressed with the active/active processing solution.
Multiple instances of our payment processing platform solutions are implemented on dedicated servers. This guarantees that critical transaction services continue to be processed during any type of disruption or downtime at either regional site.
The architecture is completely modular. For example, if we talk about authorization flow, the authorization, tokenization and rules engine are independent. Thus, there is no single point of failure resulting in high redundancy. The modules can be maintained without impacting the overall efficiency of the platform.
In addition, the use of instances greatly reduces the risk of a bank failing to meet SLA’s as result of maintenance or disruption. This ensures that us Paymentologists can focus on creating and integrating innovative solutions with less risk of the operational side of the bank faltering. Legacy systems don’t have the technology to support a bank through its digital transformation and can hinder the opportunity for banks to launch innovative personalised financial products in good time.
Paymentology’s active/active solution through its superior design delivers the following benefits:
Bilal Hashmi CSM CSPO, Implementation Manager at Paymentology.
Bilal has over 10 years’ experience in the Cards and Payment industry in the areas of Clearing and Settlement in both Acquirer and Issuer processing (ATM, CDM, IB, POS, Bill Payment, Merchant billing), networks (VISA, MasterCard, JCB, UPI) and switches.